North American Construction Group (NYSE:NOA) Raised to “Strong-Buy” at Raymond James

North American Construction Group (NYSE:NOA) (TSE:NOA) was upgraded by Raymond James from a “moderate buy” rating to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

NOA has been the topic of several other research reports. Cibc World Mkts raised North American Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. CIBC upgraded shares of North American Construction Group from a “neutral” rating to a “sector outperform” rating in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy”.

North American Construction Group Stock Up 1.9 %

NOA stock opened at $20.87 on Tuesday. North American Construction Group has a twelve month low of $16.46 and a twelve month high of $25.92. The company has a quick ratio of 0.88, a current ratio of 1.13 and a debt-to-equity ratio of 1.85. The company has a market cap of $579.77 million, a PE ratio of 14.49 and a beta of 1.46. The business’s 50-day simple moving average is $20.64 and its 200 day simple moving average is $19.45.

Hedge Funds Weigh In On North American Construction Group

Several hedge funds and other institutional investors have recently modified their holdings of NOA. Public Employees Retirement System of Ohio bought a new stake in North American Construction Group in the third quarter valued at $185,000. Geode Capital Management LLC boosted its stake in shares of North American Construction Group by 14.9% in the 3rd quarter. Geode Capital Management LLC now owns 14,138 shares of the oil and gas company’s stock valued at $264,000 after purchasing an additional 1,838 shares in the last quarter. PDT Partners LLC grew its holdings in shares of North American Construction Group by 45.6% in the 3rd quarter. PDT Partners LLC now owns 17,155 shares of the oil and gas company’s stock worth $321,000 after purchasing an additional 5,371 shares during the last quarter. Barclays PLC grew its holdings in shares of North American Construction Group by 48.1% in the 3rd quarter. Barclays PLC now owns 20,867 shares of the oil and gas company’s stock worth $390,000 after purchasing an additional 6,774 shares during the last quarter. Finally, SkyView Investment Advisors LLC increased its position in shares of North American Construction Group by 75.0% during the 2nd quarter. SkyView Investment Advisors LLC now owns 58,322 shares of the oil and gas company’s stock worth $1,124,000 after purchasing an additional 25,003 shares in the last quarter. Institutional investors own 74.99% of the company’s stock.

About North American Construction Group

North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment – Canada, Heavy Equipment – Australia, and Other segments.